red tape and reform

May 5, 2010

Italy’s political commitment to regulatory reform is “strong” and “remarkable efforts” have been made to reduce regulation, according to an Organisation for Economic Co-operation and Development report published on Tuesday. It also concludes:

  • Research and development investment lags behind trading partners
  • Foreign direct investment remains “lower than in other countries”
  • Educational attainment remains comparatively low
  • Red tape costs an average Italian business about €11,800 a year
  • Integration of immigrants into the workforce has been a “success story”
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